The insurance industry is an old and traditionally minded industry, often plagued by conflicting interests between insurance policy holders and insurance companies.
The incentive insurance companies traditionally have of withholding payments or making it difficult to submit claims is removed by giving power back to the people and cutting out the middleman. Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking. The potential for savings in a model like this is obviously huge in that it can cut the large bureaucracy that characterizes many insurance companies today. These savings could potentially benefit both insurance buyers and token holders. Certain sections of the white paper also suffer from poor English writing and structuring which can make it difficult to understand. In fact, the Etherisc white paper looks more like an academic paper than a typical ICO white paper. In our view, it still has a way to go when it comes to explaining their concept to the general public. We believe the team would benefit from putting all of these together into a single easily understandable white paper. This document should also include essential information about the token and token sale, which is now largely missing. Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. When it comes to the token allocation, details are not easy to come by. We were not able to find any information about this on the website or in any of the 3 white papers that are available online. Eventually, we were pointed to a Google Doc by one of the company’s representatives on Telegram. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. This is a really small share, which in our view challenges the idea behind decentralized platforms. The overall token allocation is presented as follows: The token price for early contributors will be $0.10 + up to 25% bonus with a high minimum investment of 10 ETH. During the main sale, the price will be $0.10 with no minimum investment. Only non-accredited US investors are mentioned as barred from participating in the token sale. When asked about this on Telegram, the Etherisc representative stated that “some other countries might fail the AML check,” without offering further details. The Etherisc team appears to be fairly large with lots of experienced people from a variety of industries. The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. There are three co-founders on the team, each one with his own area of responsibility: All three co-founders have Etherisc listed as their employer on LinkedIn. The team is also spread out geographically with people from lots of different countries. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Firstly, the many white papers that are published on the website make it difficult and confusing to find the information investor’s typically look for before investing. These documents should be merged and rewritten into a single easy-to-understand go-to resource for ICO investors. Secondly, we are critical of the team’s decision to only make 30% of tokens available to the public through the ICO. Generally, anything less than 50% public ownership of tokens challenges our view of what a “decentralized” platform should be like. All in all, we agree that the insurance industry is a good candidate for disruption. We also like the idea of “tokenization of risk” and letting anyone participate and essentially buy risk in return for a profit. This way, there is a huge potential for savings and cutting down on unnecessary bureaucracy in the insurance sector. However, we believe the team still has some work to do on the promotion and marketing side in order to make this ICO more understandable for the general public. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen. Overall, we arrive at a score of 4 out of 10 for the Etherisc ICO. More information: Featured image from Pixabay. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading. The author has no investment in Etherisc at the time of writing. You’ll be kept up-to-date with our progress regarding ICO’s site updates and lots of other goodies. (we promise we won’t send out spam or share your e-mail address with anyone else) South Korea banned ICOs since September amid the Chinese clampdown.
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- Christoph Mussenbroch, Protocol & Architecture
- Stephan Karpischek, Ecosystem & Community
- Renat Khasanshyn, Insurance Products & Revenue
That has not stopped determined Korean companies from seeking ICO funds from abroad.
This is one of the few publicly announced cryptocurrency crowdsales in the country in recent times. Korean companies have since the ban, used overseas subsidiaries for their ICOs with countries such as Hong Kong, Singapore and Malaysia as destinations of choice for Korean startups. The consortium named FANTOM announced on Tuesday that they have plans to set up a foundation in Hong Kong for the purpose of crowdsale. The association will bring in a lot of traction on the FANTOM platform with its membership comprising of 90 food tech companies. The information made available to the press says that the FANTOM digital currency will be convertible to ACTOR, which can be converted to South Korean won. The smart contract for the ICO would enable food tech companies to work with an app in a smart contract setting to distribute their products directly to consumers. The blockchain based app makes distribution of food trackable. An ICO enables companies to sell tokens meant to be in the internal currency of their ecosystem. These tokens are priced lower making investors and teams hope that the price would be appreciated, leading to profits for all holders of the coin. The digital currency, when listed in an exchange can be traded for other cryptocurrencies such as bitcoin and ether. Fantom already has a partnership with Oracle and Quantum Equity Partners. In 2010, Dr Ahn established a successful food-tech platform SikSin, which has since acquired over 3.5 million downloads and 22 million monthly page views. He is the president of the Korea Foodtech Association that consists of 90 companies as its members. Bob Tucker, COO – over 25 years of experience managing businesses for leading financial institutions and asset managers, including Barclays Capital, Bank Austria Creditanstalt, Man Investments and ANZ Bank. Most recently, Bob was the Head of Business Management for the Global Markets and Institutional Loans division of ANZ Bank. Its goal is to do for DAG what Ethereum has done for blockchain. Considering the hype this project has generated in such a short time as well as Torque backing them, we are very BULLISH on this project. Fantom (Korea) https://fantom.foundation Fantom offers a blockchain protocol based on directed acyclic graph (DAG) for instant transactions and infinite scalability at almost zero cost. The Fantom team has established a throughput of 300,000 transactions per second (TPS). Being a high-performance blockchain, Fantom has set itself the goal of becoming one of the first platforms that will leave behind existing payment and supply chain management systems. For example, while Ethereum has limited ability to track past transactions, Fantom solves this problem using the “Data History” function, which allows the user to track all past transactions. Each transaction and the conclusion of a smart contract can thus store a portion of the data for tracking functions. The token sale will start on June 15th. The hard cap of the project is $39.900.000. The cost of 1 FTM is $ 0.04. The FTM token is used primarily for placing and awarding auxiliary nodes involved in network verification. FTM tokens will also be used for motivation, which is to say they will be used to serve as a reward for users and to attract new members. Initially, the FTM will be released as an ERC20 token, before the main network is launched. The project team is quite formidable. It consists of 11 participants and 8 advisers. The freelance team of platform developers includes 16 more participants. Fantom has developed a plan to cover its internal target market. Its partner is the South Korean Food Technology, which includes 90 leading companies in the food industry with a turnover of $ 200 billion. Our experience with DAG-based protocols reinforces our confidence in the future of Fantom. According to Fantom’s roadmap, the launch of the test network is scheduled for the fourth quarter of 2018. Fantom may face competition, meaning other DAG protocols, such as Hedera Hashgraph and Constellation, who also plan launching existing test networks by the end of 2018. The Token Fund recommends the project for medium term affiliation. The preliminary assessment is 7⁄10. Atonomi (USA) https://atonomi.io The Atonomi Project is an infrastructure security protocol that allows billions of IoT devices to have reliable interoperability both in trading and data operations. A key innovation included in the Atonomi protocol is the system of device identification and reputation within an immutable register (ledger-N) based on blockchain. The project offers an identification service that will apply to all products on the network at the manufacturer level.
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- Instant Payment/Settlements – Asynchronously with instant confirmation
- Near Zero Cost – Less than 0.01$ USD
- Infinite Scalability – Capability increases as more nodes participate
- Open-sourced – Transparent
- 300,000 TPS
Here Atonomi will provide screening based on the best cyber security practices and provide an assessment so that people can verify the integrity of their network.
How will this work? Some vendors will be assigned as server operators to verify the integrity of white parts / products. When something is checked, the end user / consumer can activate the device to include it in their network. The team also promised to develop a reputation protocol in due time. Auditors will ensure that devices operate within specified parameters, and if not, their estimate will lower. If the device has a low reputation, its communication with other devices in the network will be limited to ensure due reliability over time. Audit partners will be paid in Atonomi tokens (gathered through network fees) providing an incentive for quality work. All information relating to transactions, reputation and identification will be stored in public or private blockchains (private data or confidential information will not be publicly available). Atonomi hopes that this will allow the use of technology for many other applications and devices. CENTRI, the parent company of Atonomi, has developed a proprietary secure technology that will be used in the Atonomi system. They have received $ 22 million of venture capital and have partnerships with Flex, Arm, Intel (NASDAQ:INTC), PwC and others. In addition, they launched the current protocol on May 15, 2018, stating that they currently have a functioning alpha-version. The main sale will start in June 2018; the hard cap of the project is $ 25,000,000. The cost of the token is: 1 ATMI = $ 0.0500. 50% of tokens are allocated to the sale. The “Internet Of Things” industry is huge and, according to forecasts, it will grow at a rapid pace. Security is one of the biggest problems in the industry. With the company’s steady success, its growth will not be long in coming. Atonomi is a wholly owned subsidiary of CENTRI. This can provide tremendous support for the project, from promoting development using patented technology to providing commercial partnerships. CENTRI technology is currently used by technology giants, including Arm, Flex and Intel. CENTRI has 8 patents in the USA in the field of IoT. Cons Internet Of Things is still at an early stage of development. The success of Atonomi to a large extent depends on the success of the IoT itself. A detailed roadmap has not yet been published. Analysts at The Token Fund recommend the project for both short-term and long-term affiliation. The final evaluation of the project is 7⁄10. Blockchain technology has provided a way to maintain consensus across all nodes with no central authority. However the technology faces fundamental issues like a lack of real-time transaction settlement and scalability. Despite improved consensus algorithms, current blockchain implementations use nodes that synchronize one block at a time. This results in slow confirmation times, one of the biggest factors stopping blockchain technology from being widely used across many industries. Although third-generation Smart Contract platforms such as Cardano and EOS have emerged, scalability issues have not been resolved. To address these persistent issues, a new model based on the Directed Acyclic Graph (DAG) was developed. Newer platforms such as IOTA, Byteball, Nano, and Hashgraph improve on current blockchain scalability. However, these platforms lack the Smart Contract dApp infrastructure provided by platforms like Ethereum. FANTOM is the world’s first DAG based Smart Contract platform that solves the scalability issues of existing public distributed ledger technologies. The platform distinguishes itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. Applications built on top of the FANTOM OPERA Chain enjoy instant transactions and near zero transaction costs for all users. The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost. Senior Technology Executive, ICO Advisor, CryptoCurrency Enthusiast, InvestorRated on Jun 8, 2018Modified on Jun 8, 2018 20%weight Team:
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Very seasoned executive Management team with multiple C-Level positions
CFO present to manage funds ++ Facets to explore:
Not all team members appear to be dedicated to the project, or at least updated in LinkedIn
Exciting infrastructure project in DAG (TPS play) + SmartContracts
**note using LCA - (Lachesis Consensus Algorithm) which is BFT (Byzantine Fault Tolerant) similar to Hashgraph
Interesting angle on tackling introducing historical data (they call it “Story Data”) into the Blockchain which is important contextually for preexisting state of particular market verticals.
Interesting efficiencies in combining Scala (normally to output Java Bytecode), with a register based -turing complete VM (as compared to stack based VM in Ethereum)..
$40MM raise is outside of the hot zone. Would like to see a restructuring of the token allotments to a multiple phased based raise vehicle mapped to milestones in the $10-$15MM range individually. ** Conflicting info here on the Fantom Medium site, it says a $2MM hardcap.. WOW! A funny note.. Fantom; Opera; Story.. Made me laugh. Serious Note: The White paper is an EXCELLENT and EXCEPTIONALLY clear read on DAG and Lachesis. Thanks for that!! Notice: I do not provide investment advice. Please see my profile for important disclosures. 2 people agree 80%weight Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer’s results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.Ratings and ICO analyzer results are being updated (re-calculated) every few hours. Please read our rules before posting Icocrypto is the place to come for review and discussion of everything related to active and upcoming ICO / Crowdsales. Let’s build a Due diligence community. r/icocrypto do not promote any product or company but offer a place to gather public informations. The goal is to build together a due dilligence community. Moderators and the community are not responsible for your personal choices. Informations on this subreddit are not guaranteed. You have to make your own due dilligence and we invite you to seek for complementary informations… and to share those informations with us. Scam artists, covert advertising, vote manipulation… Be vigilant. To submit a post or a comment, you need > 20 days account and > 20 comment karma. Breaking one or multiple rules can lead to an immediate permaban No covert advertising. We are not selling ICOs, we are discussing ICOs. No vote manipulation. r/icocrypto is open to companies for AMA, discussions, feedback and due diligence with the community. But as mentionned above, not open to covert advertising, spam or sockpuppeting. FANTOM is the world’s first DAG based Smart Contract platform that solves the scalability issues of existing public distributed ledger technology. The FANTOM platform adopts a new protocol known as Lachesis Protocol to maintain consensus. Using a DAG, the Lachesis Protocol is responsible for saving transactions that are connected by a chain of events. Like a blockchain, the OPERA Chain is saved on each node that participates in the network. To validate transactions on each node, a node known as the witness node checks validity across all nodes. Unlike many other DAG based platforms, the Lachesis A protocol will not only secure and speed-up transactions above 300,000 TPS but also provide an open-source and permissionless platform. The FANTOM architecture is divided into three layers. The bottom layer is called the OPERA Core Layer. It is responsible for creating events and maintaining consensus across all nodes via the Lachesis Protocol.
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The middle layer is called the OPERA Ware Layer.
It will provide the functionality for payments, issuing rewards, incentives, and Story data. Finally, the top layer is called the OPERA Application Layer and will provide publicly available Application Programming Interfaces (APIs) for applications to use features of the OPERA Ware Layer. Ethereum has limited capability of tracking past transactions. On the FANTOM platform, however, previous transactions can be tracked based on the root hash value called Story Root for all transactions. The story root embraces all relevant data starting from the point of their creation. It provides an ideal tool for supply-chain management. For example, the meat used for a canned ham could be traced to its origin when using FANTOM. FANTOM will become the first platform to disrupt the existing infrastructure for payments and supply-chain management. The FANTOM Foundation has partnered with the South Korea Food Tech Association, whose members include the top 90 leading companies in the 200 billion USD food market in South Korea. Additionally, The foundation’s top sales team will promote FANTOM to retailers and street vendors whose current transaction fees cost up to 5% of each sale. There are 3.55 billion FANTOM tokens. The FANTOM platform adopts an inflationary model to expand the ecosystem. There will be initially a 5% annual inflation rate which decreases as more users join the network. By 2018 Q2, the FANTOM DAG-based consensus mechanism known as the Lachesis Protocol will be validated by the Yonsei University research team. The FANTOM wallet will also be developed and a token swap will occur. Furthermore, FANTOM’s overall software architecture will be finalized. By 2018 Q3, the OPERA Ware and Middleware Layers responsible for providing features including reputation, incentive, and payments for applications will be released to the public in the testnet. By 2019 Q3, the full Smart Contract platform along with the Mainnet will be launched. This article is writing on 26 April, 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: Or Whatsapp Us- 918077121282 Disclaimer: Not all the website. which listed on top list are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you are not prepared to lose. Make sure to research the website. So please take care of your investments and be on the safe websites and avoid much losing online. High expensive slow implementation, low revenue, and no growth.key problems of e-commerce for retailers and manufacturers. Get Weekly ICO Updates Sign up for our newsletter and receive insider ICO news 3-May. Ivan: Lucas from PolicyPal is helping them. Technology is OK. There were red flags, but it has appeared to be FUD. Pre-sale is closed for now. Sergey: Big team, looks like ICON. The whitelist will probably be oversubscribed. Andrey: We don`t have allocations. Sergey: They raise a lot on pre-sale. I have been given small allocation, I have seen their wallet, funds are being raised actively. The project looks like ICON: big team, good advisory board. I think it is better not to miss this whitelist. About FANTOM Blockchain technology has provided a way to maintain consensus across all nodes with no central authority.
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